FINANCIAL STATEMENTS - Mewah Group

ANNUAL REPORT 2012DIRECTORS’ REPORTFor the financial year ended 31 December 2012DIRECTORS’ INTERESTS IN SHARES OR DEBENTURES (CONTINUED)(b) The directors’ interests in the ordinary shares of the Company as at 21 January 2013 were the same as those as at 31 December 2012,except for the following:Holdings registered in name ofdirector or nomineeHoldings in which director isdeemed to have an interestAt 21.01.2013 At 31.12.2012 At 21.01.2013 At 31.12.2012Dr Cheo Tong Choon @ Lee Tong Choon - - 608,723,220 550,340,200Ms Michelle Cheo Hui Ning - - 554,723,220 550,340,220Ms Bianca Cheo Hui Hsin - - 554,723,220 550,340,220DIRECTORS’ CONTRACTUAL BENEFITSSince the end of the previous financial year, no director has received or become entitled to receive a benefit by reason of a contract madeby the Company or a related corporation with the director or with a firm of which he is a member or with a company in which he has asubstantial financial interest, except as disclosed in the accompanying financial statements and in this report.AUDIT COMMITTEEThe members of the Audit Committee at the end of the financial year were as follows:Mr Lim How Teck (Chairman)Tan Sri Dato’ Ir. Muhammad Radzi Bin Haji MansorMr Giam Chin ToonAll members of the Audit Committee were non-executive directors.The Audit Committee carried out its functions in accordance with Section 201B(5) of the Singapore Companies Act. In performing thosefunctions, the Committee reviewed: statutory audit;31 December 2012 before their submission to the Board of Directors, as well as the Independent Auditor’s Report on the statement offinancial position of the Company and the consolidated financial statements of the Group.39